the panzerfaust was a German WWII unique weapon. It was the most powerful AT weapon used by infantry in the era. It has been featured in a number of games including: Close Combat, Medal of Honor underground, Call of Duty, and a newer version of the Panzerfaust is in XIII.

2. A weapon featured in numerous FPS games such as 'Call of Duty' and the Wolfenstein series of games.
This weapon is often frowned upon in these games because of the high damage it causes upon players and the huge damage radius it has.
Because of the fact that this weapon does not have to directly hit the player to cause the player to die and because it can be fired from distance, players that use this weapon are often called 'noob' and the weapon is often nicknamed the 'Noob Tube', 'Noob Cannon', 'Pussyfaust' and variants of these names.
If used properly however, this weapon has a significant effect in the battle and DOES require skill, especially in aquiring multiple kills in one shot.
noobs or newbies more than often 'vaporize' themselves or if the server allows friendly fire, others, with this weapon in the Wolfenstein series of games.
Example below:

I got teamkilled by that noob using the panzerfaust! OMG!
I got 17 kills with my panzerfaust affter only firing 11 times! lol!

Originally a WWII era anti-tank weopon, now it's the title for a "white-pride" record label. Panzerfaust records have a program called Project schoolyard, in which they sell CD's at low prices en masse to hate groups. In turn, the hate groups hand them out at schools.
See white pride.

"Wow, those panzerfaust idiots suffer from faggotry of the highest order."